News & Education
The Lagos State Internal Revenue Service (LIRS) has issued a public notice on the implementation of tax incentives and reliefs for Taxpayers (Individuals and Businesses) in Lagos State. The public notice signed by the Executive Chairman of the Revenue Agency noted that since the outbreak of the COVID-19 pandemic, LIRS has taken several measures to... Continue Reading →
In furtherance of the number of palliative measures to cushion the effects of COVID-19 pandemic on the Nigerian economy, the Federal Inland Revenue Service (FIRS) has further extended the closing date for the waiver of penalty and interest window from 30th June, 2020 to 31st August, 2020. For the avoidance of doubt, the public notice... Continue Reading →
In a bid to ramp up the Internally Generated Revenue (IGR) in Ekiti State, the state Government has introduced a compulsory payment of property tax by landlords and landowners in the state. This was made known by the Chairman of the Ekiti State Internal Revenue Service (IRS), Mr Muyiwa Ogunmilade, in a statement on Sunday,... Continue Reading →
The Benue State Internal Revenue Service (BIRS) has announced new tax measures geared towards mitigating effects of the COVID-19 pandemic on taxpayers in the state. The Service's Executive Chairman, Andrew Ayabam, said in a statement on Tuesday, 30th June, 2020 that the new measures are meant to mitigate against the effect of COVID-19 on taxpayers... Continue Reading →
The Federal Inland Revenue Service (FIRS) has issued a public notice on the VAT Modification Order, 2020. The Service noted that the notice, which is to give clarification on the Order, is sequel to the several enquiries received from taxpayers requesting to know whether or not some items are exempt from VAT in view of... Continue Reading →
The Ondo State Internal Revenue Service (ODIRS) has remitted the sum of 12million Naira to all the eighteen (18) Local Governments in the State, being for Radio and Television Licensing fee. This was consequent upon the Revenue Agency's mandate to assist the LGs in collecting their revenues and disbursing accordingly. The cheque was presented by... Continue Reading →
The Nigerian Communications Commission (NCC) and the Federal Inland Revenue Service (FIRS) have signed a Memorandum of Understanding (MoU) geared towards ensuring accuracy and completeness of Value Added Tax (VAT) and other taxes payable in the transactions of telecoms operators. With the MoU, the FIRS will be able to integrate an Application Programming Interface (API)... Continue Reading →
